Subject: Advanced Accounting

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Using key words, phrases and quotations drawn from five specific OB or QC within the Conceptual Framework (2010), assess the extent to which the Conceptual Framework (2010) relies on traditional accounting

6: Creative Accounting and Accounting Regulation.

1. Why is creative accounting such a difficult problem to solve? Give three reasons, explained in full

2. Explain five measures that could be introduced to reduce the level of creative accounting in UK, stating who should introduce and implement these measures, e.g., FRC, ICAEW etc.